---
schema_version: "secwatch.filing_event.v1"
accession: "0000010254-23-000143"
form_type: "8-K"
ticker: null
cik: "0000010254"
company_name: "EARTHSTONE ENERGY INC"
filed_at: "2023-07-11T23:59:59+00:00"
generated_at: "2026-06-13T09:45:23.115986+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Earthstone Energy amends credit agreement; borrowing base increased to $2.0B contingent on Novo acquisition

## Summary
- Ninth Amendment raises aggregate elected borrowing base commitments from $1.4B to $1.75B and borrowing base from $1.65B to $2.0B.
- Amendment is contingent on closing of previously announced acquisition of Novo Oil & Gas Holdings, LLC by September 19, 2023.
- Adds JPMorgan Chase Bank and Citibank as new lenders, arrangers, and documentation agents.
- Conditions include no default, consummation of Novo Acquisition, and delivery of reserve reports and financials.

## SEC filing metadata
- accession: 0000010254-23-000143
- form_type: 8-K
- cik: 0000010254
- company_name: EARTHSTONE ENERGY INC
- filed_at: 2023-07-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10254/000001025423000143/0000010254-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10254/000001025423000143/este-20230707.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000010254-23-000143
- JSON: https://secwatch.observer/filing/0000010254-23-000143.json
- Plain text: https://secwatch.observer/filing/0000010254-23-000143.txt

## Key facts
- Debt Financings
  EARTHSTONE ENERGY INC amended credit facility of $1,750,000,000 with Wells Fargo Bank, National Association.
  - Instrument: credit facility
  - Principal: $1,750,000,000
  - Counterparty: Wells Fargo Bank, National Association
  - Event: amendment
  source text: the Amendment (i) adds JPMorgan Chase Bank, N.A. and Citibank N.A. as new Lenders, arrangers, and documentation agents for the Lenders under the Credit Agreement, (ii) increases the aggregate elected borrowing base commitments from $1,400,000,000 to $1,750,000,000, and (iii) increases the borrowing base from $1,650,000,000 to $2,000,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/10254/000001025423000143/0000010254-23-000143-index.htm
- Material Agreements
  EARTHSTONE ENERGY INC amended Ninth Amendment to the Credit Agreement with Wells Fargo Bank, National Association as Administrative Agent and the Lenders valued at $1,750,000,000 (effective 2023-07-07).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association as Administrative Agent and the Lenders
  - Value: $1,750,000,000
  - Effective: 2023-07-07
  source text: On July 7, 2023, but effective as of the date the conditions set forth therein are satisfied or waived (such date not to occur later than September 19, 2023), Earthstone Energy, Inc. (the “Company”), as Parent, Earthstone Energy Holdings, LLC (“EEH”), as Borrower, the guarantors party thereto, the lenders party thereto (the “Lenders”) and Wells Fargo Bank, National Association (“Wells Fargo”) as Administrative Agent and Issuing Bank, entered into that certain Ninth Amendment to the Credit Agreement (the “Amendment”), which amends that certain Credit Agreement, dated as of November 21, 2019 (the “Credit Agreement”), by and among EEH, as Borrower, the Company, as Parent, Wells Fargo, as Administrative Agent and Issuing Bank, the Lenders party thereto and the documentation agents party thereto (as amended by the Amendment and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Among other things, the Amendment
  evidence_url: https://www.sec.gov/Archives/edgar/data/10254/000001025423000143/0000010254-23-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.